Wednesday, May 5, 2010

TRAMP STAMP AND HOOKER HEALS

 "Tramp stamp and hooker heels do not begin to describe the sordid, nonsensical role that the rating services performed in perpetrating and perpetuating the subprime craze, as well as reflecting the general deterioration of investment common sense during the past several decades. Their warnings were more than tardy when it came to the Enrons and the Worldcoms of ten years past, and most recently their blind faith in sovereign solvency has led to egregious excess in Greece and their southern neighbors."--Bill Gross, PIMPCO

Tramp stamp and hooker heels:

Goldman Launched CD-Ho market

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